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2021-03-31-accounts

R€ferenceandAdmini8trativeDet6its 1
Chelman'G Report 2
Tru8ta€s'R€port 3to6
Stat6mentofTnBtees' Ro6po,Eiti[ti€s 7
lnd@.d€ntAudlioG'R.po.r 8lo11
StatomentofFinencidAodvitie6 12
BalanceSheet t3
Notag toth6 FinancialStat6m6ntE 14ti23
IETEIII'CIANDAINffi3TiATTVEDETA.3 IETEIII'CIANDAINffi3TiATTVEDETA.3
Trustoar M.TGChrisfoph€rson
MrRAldon
MrJLBarberDL
Mr6 H BauerOBE
MrMC&idge
Mr RCsxton\9pghcsr
MrJHSpannerm
MrPVlhay
HonorrryScodary MrOCherlas
AdtinLtr.dv.Add,tes SeoEtarytolh€ Truste€6
Th6Cornpany o, Art6ScholarsCherltableTrust
12Ar6lhFriars
Londoh
Ec2lrl 2HE
P.lnoip.l Off,c! FumltreMak6r6'Hall
12AustnFri6rs
Epn€er!
EC2N2HE
Audlor l-larmsrSherLlrnited
Stalutory Auditor
SabtirHougo
19 CBdarRoad
Srrtbr
SM72LJ

Total Total
Un.ralrictod 2021 2020
Note E f
lncoma andEndownants from:
Donations and legacjes 49,724 49,724 37,061
lnvestmenl income 2 128,473 128,473 't26,309
Total income 178 197 17A 197 163,370
Expcndltu,€on:
Raisingfunds 3 43,966 43,966 33,947
Chrritableacliritigs 1 74,294 ?4,2U 77 530
Tolal expendlture tl18,260) (118.260)1117,4771
Netgrins/(losses)oninvestnents 796,910 796,910 (82,34s)
Netmov€mentinfunds 856,847 856,847 {36,452)
RGconclli.tiono,funds
Tol,alfunds brought torward 3,U4,211 3,U4,211 3,880,663
Totalfunds ca.ri6d forward 4,701,058 4,701,058 3,A44,211

2021 2020
l{ote G
Flxed a5s6ts
Tengible assets 8 ,03 244
lovestments I 4,396,608 3,643"664
4,396.711 3,643,S08
Curehta3sals
Debtors lo 8,640 6,389
Cash atbankandihhahd 303,217 200,227
3r1,857 206,616
Crcdilo]3: Amounts falllhgdu€withlnon€year 11 (7.510) (6,31s)
Natcuargnla3lats 30/.,347 200,303
Nelassats _@9!9- 3,844,211
Fundsotlhecharlty:
lJhrestrlct€d lncomefunds
L,nreslricted 4,701,054 3,U4,211
Totrltunds 12 4,701,058 3,U4,211

?lnv.e8tmentincome
tlhrestricted
Total Total
Geheral 2021 2020
Fixedasset investments 128,418 128,418 125,89'r
Depositaccount inlerest 55 55 4.18
128,473
t2A,413
126,309
ln2020 investmenlincomewasallunrestricted

lnvestm€nlmanagementcosts
Unr.ctrictsd
Total
Gen6ral 2021
Portfolio management costs 43,966 --_gE
Unrostricted Total
General 2020
t
Fundrasing event costs 3,146 3,146
Portfoliomanagement costs 36,801 36,801
39,947 39.947

Grantfundlng
ofactlvltlaa Suportcosts Total
Dlrcctco3ta
e
(aoanot65)
f
(a6anote6)
f
2021
Managemenl end adminisbalion 2,734 2,?60 5,494
Grantspaid 68,800 68,800
2.7U 68,800 2.760 74,294
Grantfundlng
ofac"Uvlll.S Suportcosts Total
Oir.clco6t3
e
(506nots5)
f
(seenote6)
c
2020
Management and administration 3,325 2,800 6,125
Grantspaid 71,405 ?1,405
3,325 71,405 2,800 77,530

Thetotal grants paidtoinstitutionsdudng the year wereasfollows:
MuseumofLondon
V&AWedgewmd
MagicLantem
UniversityofSussex
St.JohnAmbulance
QEST
University ofYork
ArtHistoryLink-Up
London AirAmbulahce
Shannon Trust
WestDean College Awards
ART
culatrbn
RoyalSchool of Neediework
llsResearciA\rad
Accrrmulate
2021f
10,000
10.000
7,000
6,000
5,000
5,300
5,000
3,500
2,500
2,500
2,O00
2,000
1,500
1,000
'1,000
StBartholomew's Church
Arts&Christianfty
Lordti,+al,u/sAppeal
ABFThe Sotdiers,Charity
RoyElBritish Legion
1,000
1,000
1,000
500
500
1,000
1,000
500
Ro!61CollectiohTrust
RoyalMuseums,creenwjch
The Charterhouse
TheSociotyofAntjqugries
lraggieKeswick Csncer
College ofArms
Fumiture History Society
AssociationofArt Hislorians
St NicholasAlcesler
Salisbury Hospice
HAC LightCavalry
ThafiesValley ATC
ULOTC
10,000
5,000
5,000
4,380
3,750
3,700
2,6@
2,000
2,000
1,000
500
500
500
Car.lodfoiward 68,300 70,430

2021I 2n20
5.Grantfundlngofdctlvltles-grantspald (contlnued)
Brought,orrerd 68,300 70,430
Unil€dGuitdsServic! 175
HelpMusiciansIJK 150
Shoriffs'andReco.de/sFund 150
Thetotalgrantspaldto ihdividuals duringthe yearwereasfollows
Othergrantsand awerds s00 500
Totalgrants paid 68,800 71,105
6Support co3ts
202'l 202n
f e
Auditof thefinancial statom€nts 2,760 2,640
Legalfees 160
2,760 2,800

8Tangibleffxed asssts
Computer
equlpment
e
Cost
AtIApdl 2020 707
At3lMar.*t2021 707
b€praciatlon
At1April2020
Chargofor lhe)€ar
463
141
At31March 2021 6M
N.tbookvalu.
At 31Marcfi2021 103
At 31 March2020 244
IFiredasset inY€strnents
2021
2020t
Otherinvestrnents 4,396,608 3,643,664

f,nhcrinvcsknents
Llsted
t
Mart.lvalua
At'1Apfl20m 3,643,664
752,944
At31Maroh 2021 4,3S6,608
Netbook value
At31 Maaohm21 4,3S6,6011
At 31 March2020 3,643,664

l0 Debtors
2021
2020
t
Gift Aidracoverebl€ 8.640 6,389
ll Crodltors:amountsfallingduewithlnoneyoar
2021 2020
C c
The Wo6hipfulCo.npanyofArtsSchohrs 3,882 2,682
AIts Scholars EventsLimited 801 949
2,827 2,682
7.510 6,313

12Funds
Balenceat
BelancealI lncoming Rasources 31March
Aprll2020
f
oxponded
2021
e
lJn.eatdcled
Ge,,cral
Generalfund 3,U4.211 975,107 (118,260) 4,701,058
Balance et
BalancealI lncomlng Ra!ourcra 3lil.rch
Ap.ll2Ol9
ne30uagat
f
crP.ndod
f
2021
e
UnaBatriclad
6erreral
Ganeralfund 3,880,663 163,370(199,822)3,U4,211

13 Analyslsofnetassotsbetweenf unds
Unrestricted 2021
General Tolalfund!
Tangibloixedassets ,l03 103
lnvestments 4,396,608 4,396,608
Cutentassets 311,857 311,857
Curent liabilties (7,510) (7,510)
Total netassets ,1,701,058 4.701,058
Un.latdcted 2020
Gcneral
f
Totaltunds
t
Tangibl€fixed assets 244 244
lnvestrnents 3,8{3,684 3,643,664
Curantassets 206,616 206,616
CunentliEbilities (6,313) (6,313)
Total netassets 3,U4,211 3.u4,211

14Analysis ofnetfunds
At 31March
AltAprll2020 CaBhflow 2021
C
Cash at bankandinhahd 20o.227 100,490 300,717
Netdebt 200,227 100490 ___!qqll7
Al 31arch
At1Aprll2019 Cashflow 2020
Cashatbankandinhand 't15,020 85,207
200227
Nel debt 115,020 a5,207
200,227